Are accrued expenses a liability or asset? 1.60K viewsAccounting0 Tallent 0 Comments I am getting confused with accrued expenses, accrued income and deferred income. Is the accrued expenses a current liability or a current asset and why? 2 AnswersActiveVotedNewestOldest 0 Alger Posted 0 Comments Accrued expenses is a liability since you expect that you will have to pay for services that you have consumed at some point in the near future. You are viewing 1 out of 2 answers, click here to view all answers. Register or Login Search for:
